Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report)’s share price was up 3.4% during mid-day trading on Tuesday . The stock traded as high as $14.96 and last traded at $14.9440. 357,673 shares were traded during trading, an increase of 444% from the average session volume of 65,777 shares. The stock had previously closed at $14.4520.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Parex Resources in a research report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Parex Resources currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Parex Resources
Parex Resources Trading Up 1.1%
About Parex Resources
Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.
Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.
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